Maximizing Futures Trading Success: Top 7 Essential Books for Traders

Top 7 Books for Futures Trading

May 18, 2019

:

Al Hill

Overview

Futures trading offers numerous advantages including reduced trading capital requirements, leverage, and the capability to engage in both long and short positions. However, how do you maximize these opportunities as a retl trader? Many opt for taking a trading course or investing in known as a black box strategy.

But this shortcut doesn't guarantee success, since it ultimately boils down to personal effort and dedication towards mastering your trading skills.

In , we will delve into the seven best books about futures trading to guide you on your journey:

1 – Futures 101 by Richard E. Waldron 1997

This book serves as an introductory primer for beginners looking to get started with futures trading without overwhelming them with complex financial jargon. While it neither encourages nor discourages trading, this professional booklet akin to Futures for Dummies offers a strghtforward guide.

Amazon Ratings: 3.65 27 Reviews

Price: $49.77 Paperback; $12.06 Kindle

2 – Starting Out in Futures Trading by Mark Powers 2001

Mark Powers’ sixth edition of Starting Out in Futures Trading is a comprehensive guide for serious speculators, covering aspects such as stock indices and of selecting brokers. The author has served as the chief economist for the Commodity Futures Trading Commission, providing valuable insights based on expertise.

Amazon Ratings: 4.15 11 Reviews

Price: $11.97 – $25.09 Paperback; $21.30 Kindle

3 – Fundamentals of Futures Markets by Donna Kline 2001

Donna Kline, Bloomberg TV financial news reporter and former market analyst for The Floor Report, offers insights into agricultural commodities and the specifics of E-mini SP in her book on fundamental aspects of futures markets.

Amazon Ratings: 4.35 13 Reviews

Price: $8.00 – 39.69 Paperback; $29.03 Kindle

4 – Technical Analysis of Futures Markets by John J. Murphy 1986

John J. Murphy, the face behind Stockcharts.com and a leading figure in technical analysis circles, presents valuable techniques, patterns, and applications in this book for traders.

Amazon Ratings: 4.35 25 Reviews

Price: $14.88 Hardcover

5 – Long-Term Secrets to Short-Term Trading by Larry Williams 2011

Larry Williams is renowned for the Williams R technical indicator, and in this book he covers topics such as volatility breakouts and profitable trading patterns.

This resource is particularly useful for day traders looking for practical strategies.

Amazon Ratings: 3.95 14 Reviews

Price: $53.13 Hardcover; $54.20 Kindle

6 – The New Trading For a Living by Alexander Elder and Perry Kaufman 1987

Alexander Elder and Perry Kaufman provide a comprehensive guide on developing trading strategies, understanding market psychology, and managing risk in their 1987 book.

Amazon Ratings: NA

Price: NA

7 – One Good Trade by Mike Bellafiore 2016

Mike Bellafiore offers an inside look at the professional trading mindset with this guide. The author shares insights from his experience as a professional trader and coaching others in their journey towards profitable trading.

Amazon Ratings: 4.25 123 Reviews

Price: $42.98 Hardcover; $41.61 Kindle

How Tradingsim Can Help

After absorbing the knowledge from these books, put your strategies into practice with Tradingsim. Our platform features over 20 highly liquid contracts for you to hone your skills and master trading techniques.

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Tags: Futures Trading Books
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